Report Update Nov 1, 2024

Myanmar - Articles of Non-Malleable Cast Iron - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Myanmar

The Myanmar's non-malleable cast iron articles market shrank notably to $X in 2022, dropping by -68.4% against the previous year. Overall, consumption, however, continues to indicate a sharp decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Articles Of Non-Malleable Cast Iron in Myanmar

In value terms, non-malleable cast iron articles production fell to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 79% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Myanmar

Non-malleable cast iron articles exports from Myanmar soared to X tons in 2022, picking up by 149% compared with 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,649%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, non-malleable cast iron articles exports contracted dramatically to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,839% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Thailand (X tons) was the main destination for non-malleable cast iron articles exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +149.6%.

In value terms, Thailand ($X) also remains the key foreign market for articles of non-malleable cast iron exports from Myanmar.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to -21.6%.

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, with a decrease of -68.4% against the previous year. Overall, the export price recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 157%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.6% per year.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Myanmar

In 2022, non-malleable cast iron articles imports into Myanmar surged to X tons, rising by 25% against the previous year. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 197%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports fell to $X in 2022. In general, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 120% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Thailand (X tons) were the main suppliers of non-malleable cast iron articles imports to Myanmar, together accounting for 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +58.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), India ($X) and Thailand ($X) constituted the largest non-malleable cast iron articles suppliers to Myanmar, with a combined 95% share of total imports.

In terms of the main suppliers, India, with a CAGR of +41.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-malleable cast iron articles import price stood at $X per ton in 2022, reducing by -30.1% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of non-malleable cast iron in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 45% of global consumption.

What are the largest producers of articles of non-malleable cast iron in the world?

China constituted the country with the largest volume of non-malleable cast iron articles production, comprising approx. 28% of total volume. Moreover, non-malleable cast iron articles production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with an 11% share.

What are the leading suppliers of articles of non-malleable cast iron to Myanmar?

In value terms, Japan constituted the largest supplier of non-malleable cast iron articles to Myanmar, comprising 55% of total imports. The second position in the ranking was occupied by Germany, with a 27% share of total imports. It was followed by Switzerland, with a 13% share.

What are the leading importers of articles of non-malleable cast iron from Myanmar?

In value terms, Malaysia remains the key foreign market for non-malleable cast iron articles exports from Myanmar.

What is the average export price for articles of non-malleable cast iron in Myanmar?

The average non-malleable cast iron articles export price stood at $585 per ton in 2021, rising by 8% against the previous year.

What is the average import price for articles of non-malleable cast iron in Myanmar?

The average non-malleable cast iron articles import price stood at $7,485 per ton in 2021, growing by 282% against the previous year.

This report provides an in-depth analysis of the market for non-malleable cast iron articles in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992913 - Articles of non-malleable cast iron, n.e.c.

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023